The main objective of this Facility is intended to facilitate sustained growth of micro and small enterprises in light of the contraction of international financing sources due to the global financial crisis. This facility seeks to partially compensate for the shortfall from the reduction of domestic and external sources of funding that MFIs are facing in the LAC region. The Facility will suply eligible MFIs and MIVs with medium and long term senior and subordinated loans, which in turn will be on-lent to thousands of micro and small enterprises.
Project Detail
Country
Regional
Project Number
RG-M1167
Approval Date
August 5, 2009
Project Status
Closed
Project Type
Technical Cooperation
Sector
PRIVATE FIRMS AND SME DEVELOPMENT
Subsector
MICROENTERPRISE DEVELOPMENT
Lending Instrument
Multilateral Investment Fund Instrument
Lending Instrument Code
MIF
Modality
-
Facility Type
-
Environmental and Social Impact Category (ESIC)
Category B13: Uncategorized Directive B.13
Total Cost
USD 125,000.00
Country Counterpart Financing
USD 50,000.00
Original Amount Approved
USD 75,000.00